A case of luteoma of pregnancy occurring in a 31 years old multiparous woman, and found incidentally during a cesarean section for placenta previa and transverse position of the fetus, was reported. The gross and microscopic findings of the present case strongly supported that this lesion is a benign, generally non-functioning, lutenized stromal cell hyperplasia, probably due to an overactive physiologic response of the ovary to chorionic gonadotropins. A brief review of the literature was made.